Brookstone Capital Management boosted its stake in American Express (NYSE:AXP) by 12.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,620 shares of the payment services company’s stock after acquiring an additional 298 shares during the period. Brookstone Capital Management’s holdings in American Express were worth $286,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Pearl River Capital LLC acquired a new position in American Express during the 4th quarter worth approximately $25,000. JNBA Financial Advisors acquired a new position in American Express during the 4th quarter worth approximately $26,000. Clarfeld Financial Advisors LLC acquired a new position in American Express during the 4th quarter worth approximately $31,000. Capital Investment Advisory Services LLC acquired a new position in American Express during the 4th quarter worth approximately $37,000. Finally, Vigilant Capital Management LLC acquired a new position in American Express during the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 84.86% of the company’s stock.

In other American Express news, EVP Richard Petrino sold 2,444 shares of the stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $107.11, for a total transaction of $261,776.84. Following the transaction, the executive vice president now owns 7,591 shares of the company’s stock, valued at approximately $813,072.01. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Stephen J. Squeri sold 12,500 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $103.02, for a total value of $1,287,750.00. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

Several equities research analysts have recently commented on AXP shares. Wells Fargo & Co reissued a “buy” rating and set a $125.00 price target (up previously from $115.00) on shares of American Express in a research note on Tuesday, March 12th. Oppenheimer set a $119.00 price target on American Express and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Morgan Stanley decreased their price target on American Express from $113.00 to $111.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 8th. Zacks Investment Research lowered American Express from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd. Finally, Bank of America set a $108.00 price target on American Express and gave the stock a “hold” rating in a research note on Friday, January 18th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $112.13.

AXP stock opened at $113.67 on Monday. American Express has a 1 year low of $89.05 and a 1 year high of $114.55. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.93 and a current ratio of 2.24. The company has a market capitalization of $95.87 billion, a P/E ratio of 15.51, a P/E/G ratio of 1.31 and a beta of 1.11.

American Express (NYSE:AXP) last posted its earnings results on Thursday, April 18th. The payment services company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.01. American Express had a return on equity of 29.94% and a net margin of 16.60%. The firm had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.46 billion. During the same quarter in the prior year, the company earned $1.86 EPS. American Express’s revenue was up 6.6% on a year-over-year basis. Analysts expect that American Express will post 8.16 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 5th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, April 4th. American Express’s payout ratio is currently 21.28%.

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American Express Company Profile

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services to consumers and businesses worldwide. It operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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